Geneos Wealth Management Inc. Purchases 1,529 Shares of Applied Materials, Inc. $AMAT

Key Points

• Geneos Wealth Management Inc. increased its holdings in Applied Materials, Inc. by 15.3% during the 1st quarter, acquiring an additional 1,529 shares for a total value of approximately $1,673,000.
• Several institutional investors have recently adjusted their investments in Applied Materials, resulting in a significant ownership stake of 80.56% by institutional investors overall.
• Applied Materials reported $2.48 earnings per share for its latest quarter, surpassing consensus estimates and indicating a 7.7% year-over-year revenue growth.

Geneos Wealth Management Inc. raised its position in Applied Materials, Inc. (NASDAQ:AMAT - Free Report) by 15.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 11,531 shares of the manufacturing equipment provider's stock after acquiring an additional 1,529 shares during the period. Geneos Wealth Management Inc.'s holdings in Applied Materials were worth $1,673,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AMAT. Skye Global Management LP bought a new stake in shares of Applied Materials during the 4th quarter worth approximately $45,862,000. Value Partners Investments Inc. boosted its holdings in shares of Applied Materials by 8.7% in the 4th quarter. Value Partners Investments Inc. now owns 9,896 shares of the manufacturing equipment provider's stock valued at $1,608,000 after buying an additional 793 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new stake in shares of Applied Materials in the 1st quarter valued at approximately $230,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Applied Materials by 12.7% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 26,650 shares of the manufacturing equipment provider's stock valued at $3,867,000 after buying an additional 3,000 shares during the last quarter. Finally, Redwood Investment Management LLC boosted its holdings in shares of Applied Materials by 311.2% in the 1st quarter. Redwood Investment Management LLC now owns 12,924 shares of the manufacturing equipment provider's stock valued at $1,876,000 after buying an additional 9,781 shares during the last quarter. Institutional investors own 80.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho cut their price objective on Applied Materials from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Bank of America reissued a "neutral" rating and issued a $180.00 price objective (down previously from $190.00) on shares of Applied Materials in a report on Friday, August 15th. Daiwa Capital Markets reissued a "neutral" rating and set a $170.00 target price (down from $185.00) on shares of Applied Materials in a report on Wednesday, August 20th. Raymond James Financial restated an "outperform" rating and issued a $200.00 price target (down previously from $225.00) on shares of Applied Materials in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price target on Applied Materials from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $193.88.

Insider Transactions at Applied Materials

In related news, CAO Adam Sanders sold 562 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $178.60, for a total value of $100,373.20. Following the completion of the sale, the chief accounting officer directly owned 5,300 shares in the company, valued at $946,580. The trade was a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Applied Materials Stock Performance

AMAT opened at $170.15 on Friday. The business has a fifty day simple moving average of $178.25 and a 200 day simple moving average of $164.70. The company has a market capitalization of $135.55 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.33 and a beta of 1.77. Applied Materials, Inc. has a 1 year low of $123.74 and a 1 year high of $215.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.50 and a quick ratio of 1.76.

Applied Materials (NASDAQ:AMAT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.12. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.21 billion. Applied Materials had a return on equity of 40.96% and a net margin of 23.88%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 EPS. Applied Materials has set its Q4 2025 guidance at 1.910-2.310 EPS. Research analysts expect that Applied Materials, Inc. will post 9.38 EPS for the current year.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.

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